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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing an♔d diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The Colombian oil and gas sector is a traditionally export-oriented industry of great importance for the country&rsq💮uo;s foreign trade and economic activity. In 2020, the sector accounted for 4.3% of the country’s G𝔉DP and 28.1% of ...
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Thailand is the largest producer of fou🌞r-wheel vehicles in the ASEAN region and the 11th largest vehicle producer in the world. Additionally, the Thai four-wheel vehicle market is the second-largest i💯n ASEAN and the 17th-largest market in ...
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In the second quarter of 2021, the sales revenue of China’s retail sector reached RMB 10,668bn, representing a y/y increase of 13.9%. Compared to the second quarter of 2019, before the coronavirus crisis, this indꦛicator .ꦇ..
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Brazil’s insurance sector continued to grow in 2019, with total premiums reaching 6.7% of the country’s GDP. During the year, total insurance premium income ros🐼e by 9.9% y/y to BRL 489.1bn, posting its best performance in terms ...
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The MENA region presents high potential for infrastructure development. According to the World Bank, the region would need to spend at least 8.𒉰2% of its GDP per year to tap the infrastructure gap and meet the needs of its growing ...
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Africa’s infrastructure deficit is long-standing and well-known. Although USD 297.2bn were committed to&nbs✃p;transport and energy infrastructure projects on the continent between 2014 and 2018, only four countries, Egypt,𝐆 Morocco, ...
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Tu𝔍rkey is home to the second largest renewables-based power capacity in Emerginღg Europe after Russia. With almost 50 GW of installed capacity, renewables contribute to more than half of the total capacity, and 42% of the power ...
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The steel sector is both the backbone of the Indian economy and a gr𒉰owth-promising sector. The growth of 💮the sector is supported by the availability of raw material such as iron ore and cost-effective labour in the country. ...
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The Mexican agriculture sector, including crop, livestock and fisheries, plays a key role 🤪in the domestic economy. Agriculture GVA accounted for 3.8% of GDP in 2020, and the sector is among the largest employers in the country ...
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Civil engineering construction♋ a﷽nd assembly production by construction entities in Poland was worth PLN 57.6bn in 2019, recording an increase of 6.3% that year, while the construction and assembly production of specialised construction ...
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